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SQM Solutions for human progress For Immediate Release SQM REPORTS EARNINGS FOR THE THREE MONTHS ENDED MARCH 31 , 2021 Highlights SQM reported net income ( 1 ) for the three months ended March 31 , 2021 of US $ 68.0 million , compared to US $ 45.0 million in same period of 2020 . • Revenues for the three months ended March 31 , 2021 were US $ 528.5 million . Adjusted EBITDA ( 2 ) margin for the first three months of 2021 reached 31.2 % . Earnings per share totaled US $ 0.26 for the three months ended March 31 , 2021 . SQM will hold a conference call to discuss these results on Thursday , May 20 , at 12:00 pm ET ( 12:00 pm Chile time ) . Participant Dial - In ( Toll Free ) : Participant International Dial - In : Webcast : 1-855-238-1018 1-412-542-4107 https://services.choruscall.com/links/sqm210520.html Santiago , Chile . May 19 , 2021.- Sociedad Química y Minera de Chile S.A. ( SQM ) ( NYSE : SQM ; Santiago Stock Exchange : SQM - B , SQM - A ) reported earnings today for the three months ended March 31 , 2021 of US $ 68.0 million ( US $ 0.26 per share ) , an increase from US $ 45.0 million ( US $ 0.17 per share ) reported for the three months ended March 31 , 2020 . Gross profit reached US $ 136.6 million ( 25.9 % of revenues ) for the three months ended March 31 , 2021 , compared to US $ 107.7 million ( 27.5 % of revenues ) recorded for the three months ended March 31 , 2020. Revenues totaled US $ 528.5 million for the three months ended March 31 , 2021 , representing an increase of 34.8 % compared to US $ 392.0 reported for the three months ended March 31 , 2020 . SQM's Chief Executive Officer , Ricardo Ramos , stated : " Our earnings during the first quarter this year increased around 50 % when compared to the same period last year as a result of higher sales volumes in almost all of our business lines . At the same time , we saw positive price trends in each of our business lines . We have seen a recovery in the iodine market which was reflected in 30 % higher volumes when compared to the previous quarter . We also have good news from the fertilizer business lines with the prices and global demand of most fertilizers increasing as a result of good farmer economics , leading to the highest revenues reported in the last two years in the SPN business line " . He continued by saying , " In the lithium business we have only seen positive news over the past few months . We saw a strong demand growth for electric vehicles during the first quarter of the year , more than doubling when compared to last year , making us believe that annual demand for lithium chemicals could grow more than 30 % , more than previously expected . As anticipated , prices reached an inflection point in the fourth quarter 2020 and we reported a price increase during the first quarter of this year which we believe should accelerate quarter after quarter for the rest of the year as sales contracts expire . Our lithium capacity expansions in Chile are moving forward ahead of schedule , and as a result , we expect sales volumes to surpass 85,000 metric tons of lithium products this year . SQM S.A. 1Q2021 Earnings Release 1